Outcome of the Board meeting held on December 17,2025.
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Awaiting price reaction for this filing.
Suraj Industries Ltd's Board, at its meeting on December 17, 2025, approved the acquisition of 1,35,000 equity shares of Shri Gang Industries and Allied Products Limited from Mr. Ritesh Gupta (Joint Managing Director and Promoter Group member). Post-acquisition, Suraj Industries' stake in Shri Gang will rise from 19.31% to 20.02%. The transaction is a related party deal, approved by the Audit Committee at arm's length. Shri Gang operates in the breweries and distilleries space, with an FY25 turnover of Rs. 352.62 crore and PAT of Rs. 29.33 crore. The consideration will be in cash, with the price based on the average of the opening and closing market price on BSE on the working day before execution. The acquisition is expected to be completed within 30 days.
Minor stake increase (about 0.71%) signals further consolidation of an existing investment rather than a transformative move. Since this is a related-party transaction done at arm's length, shareholders should note the governance process but the financial impact on Suraj Industries is likely small.